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Endless LLP, who acquired the UK pork processing interests of the Vion Food Group in early 2013, announced a £60m ‘funding package’ to support the group’s growth strategy for the future.

Following the announcement that the Karro Food Group were planning to close the slaughtering facilities at their Wiveliscombe plant in Somerset, came the news of a major funding deal to support the future development of the group’s interests in the UK market and beyond.

Endless LLP, the venture capital group behind the purchase of Vion’s UK pork interests, said that the company had secured a £60m funding package from GE Capital, which would enable the company to develop its market position in the UK market and overseas.

The Karro Group now have two pig abattoir sites – at Malton in Yorkshire and Cookstown in Northern Ireland in addition to its processing sites and pig production business in Scotland.

Meanwhile, news also arrived of further consolidation within the Vion Group in Europe with the planned closure of its pork processing site in Helmond in Holland.